Budget Views Senator Robertson believes budget considerations hinge on President Eisenhower's view of the need for national uefense and security spending. On this matter, he writes: During the election campaign General Eisenhower dedicated his belief that spending during the fiscal year starting next June could be held to around $70 bil lion . After the Truman budget was presented Senator Taft again said he thought the $70 billion figure could be achieved. That would compare with a spending total of $78.6 billion proposed by ' President Truman. Last year President Truman si,tried out by asking Congress to permit $85.4 billion to be spent tins year but we rejected some of Lis proposals for new spending and by ecohomy cuts in oilier items we brought tin figure down to approximately v74.6 billion of actual spending, according to the latest Budget Bureau estimates. I: would be much more diffi cult to cut $11 billion out of the new Human budget, however, because the outgoing President did not include any allowances for the cost of proposed new legis lation All but about $10 billion of th(> Truman budget ,.s lor military services and related national se curity purposes or for such inflex ible items as interest on the na tional debt and payments which we are obligated to make to vet erans . i "We shall cut what we can out of that $10 billion but our ability to do so is limited by the fact that much i f. it is for essential things like the postal service, making and enforcing laws, collecting taxes, managing the public debt and administering federal proper ty and records "It is apparent, theiefore, that whether or not spending can be kept anywhere near the estimated federal income figure for next year of $68.7 billion will depend largely on what President Eisen hower feels we need to spend for our nation defense and security "
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“Budget Views Senator Robertson believes budget considerations hinge on.” Farmville Herald, January 1953.
“Budget Views Senator Robertson believes budget considerations hinge on.” Farmville Herald, Jan 1953.
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